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Oliva De Jesus
Olivia left her home town when she was 13 years old in order to look for work and to improve her economic conditions because her parents were very poor. In the city, she was able to find employment at different businesses and she also married and had 3 children, but when the father of her children left her, she was left alone to care for them. And so, she worked for free for 3 months for a woman just for food for herself and her children, but she also learned to sew, which allowed her to get a job as a seamstress for more than 20 years. Now, she has the advantage of having her oldest child who has a job and helps her to maintain her home and her other 2 children, and this has helped her to improve the quality of life at home. But because of health problems, Olivia has been obligated to quit her job, but because she needs to still earn an income, she has decided to open her own sewing business from home with her basic machine and in this way be able to work a little bit at a time. Because she doesn't have a lot of money to invest in her new business, she is looking for a loan to purchase fabric and thread to start her own clothing line. Her dream is to be able to enjoy good health and to continue to work and for her 3 children to be successful, to give them a better quality of life and access to quality education for her 2 youngest children. She also dreams to one day own her own home.
View original language description ↓
Oliva salió de su municipio natal hacia la ciudad desde los 13 años de edad para buscar trabajo y poder mejorar las condiciones económicas, ya que sus padres eran muy pobres. En la cuidad consiguió trabajo con diferentes empresas, también se casó y tuvo 3 hijos, pero cuando el padre de sus hijos la abandonó quedó sola a cargo del sostenimiento de sus hijos. Así, trabajó durante unos 3 meses gratis para una señora por la comida para ella y sus 3 hijos y también le enseñó la actividad de la confección, lo que luego le permitió emplearse en una empresa de confecciones por más de 20 años. Ahora tiene la ventaja de que un hijo suyo ya es mayor y tiene un trabajo con el que le colabora para seguir sosteniendo el hogar y sus otros 2 hijos, y esto ha permitido ir mejorando la calidad de vida en el hogar. Por dificultades de salud, Oliva se vio obligada a dejar su trabajo, pero como aún requiere de los ingresos para sostener el hogar, decidió montar el taller de confección en su casa con una máquina básica y así poder trabajar poco a poco. Como no cuenta con un gran capital en su taller de confección, Oliva busca un préstamo para comprar telas e hilos para confeccionar su propia línea de prendas de vestir.

Su sueño es poder seguir gozando de buena salud para seguir trabajando y poder sacar adelante sus 3 hijos ofreciéndoles una buena calidad de vida y el acceso a una educación de calidad a sus 2 hijos menores. También sueña con en un futuro poder tener una casa propia.

Additional Information

Important Information

This loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.

About Colombia

  • $11,100
    Average annual income
  • 355
    View loans »
    Colombia Loans Fundraising
  • $15,676,275
    Funds lent in using Kiva
  • 1,805.5
    Colombia Pesos (COP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Oliva De Jesus purchase fabric and thread.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Aug 9, 2012
Sep 16, 2012
Currency Exchange Loss:
Oct 17, 2014